The Fred Report - Mid Week Update July 20, 2016
Stocks look to be consolidating an overbought condition on the daily and weekly stochastics, but the pattern remains positive, and we would use declines toward 212 on SPY to add to positions. When combined with other indicators on bonds, we caution advisors that this market is vulnerable. We show the chart below, and again indicate that there is more risk here than the market believes currently.
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